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VATE’s cup and handle pattern failed in June when it got rejected at $.50.
That’s probably one the reasons why it sold off immediately after, and it’s back to $.03’s.
Actually, I pointed out some very questionable business practices, and condemned their lack of transparency.
Since then, we’ve seen a lot more transparency from Canbiola. For example, we’re seeing more frequent updates, they held their first annual shareholder meeting, and they’re actually addressing shareholder concerns.
What you might be referring to was me confronting some of the overly confident posters on here and getting a ton of kick back for it.
I don’t live in la la land, and I don’t just blindly follow others on a message board.
If something negative comes out tomorrow, don’t expect me to spew nonsense trying to downplay or twist the narrative. Instead, you can expect objective treatment from me.
And just to be clear, confronting negative issues without reservation doesn’t make one a basher.
Not really.
I am positive on the good things I see and critical on the bad things.
Unlike other posters, I’m not overly optimistic about a company when there is reason to doubt it.
I’m also not incessantly bashing the company for not having CBD capsules.
Instead, I do my best to be balanced and fair. That’s my rational approach to trading, and it’s worked thus far.
When looking at the share structure, especially when trying to draw a conclusion about share price, the “float” is what’s critical.
The float is the amount of shares available to be traded publicly, which excludes restricted shares.
The authorized share count is almost irrelevant in all cases.
The outstanding share count is important, but only in helping to determine what’s being restricted and what’s not.
The float tells you how many shares people are able to buy or sell on any given day.
In Canbiola’s case, their float is about 200,000,000 shares.
Like I just explained, EDXC is a very similar company, and their float is 150,000,000.
With that being said, they’re similar companies with similar floats, and EDXC just had an epic run at the beginning of this year.
So, no, I don’t think it has anything to do with the share structure here.
To put that into practical terms, especially for those who sold recently or are hesitant about buying back in, EDXC experienced 15-20% gains almost every day during their run.
That means that every day someone waited to get in on the run, they lost the opportunity to buy thousands of more shares.
For example, $1,000 would have bought someone 25,000 shares at $.04 early on.
But 7 days later that same $1,000 would have only gotten them 14,000 shares.
A month later, that $1,000 would have gotten them 5,500 shares.
Those 20,000 additional shares would have been worth more than $14,000, on an initial investment of $1,000.
If you’re investing on a bigger scale, say $10,000, waiting 4 weeks would have cost you 200,000 shares, or $140,000.
The moral of the story is, when it moves, it’s going to move quickly and waiting on the sidelines is going to be expensive.
For the folks out there wondering when CANB is going to finally take off, I’d like to remind everyone of one thing:
As it’s been pointed out before, a very similar comparison can be made between Canbiola and CBD Unlimited (EDXC).
Just six months ago EDXC was trading at $.04 per share. In a matter of weeks they ran to $.72 - a gain of 1,700%! Even after the pull back, they’re holding above $.30.
Now I haven’t compared the more recent financial data between the two companies (I encourage someone to post whatever they find), but I do know that Canbiola’s revenue is growing at an exponentially higher rate.
I explained earlier today why I think CANB will be trading around $.40 soon, and some folks might think that’s impossible, but it’s been done lesser companies before.
EDXC did double that, and Canbiola is making more money with less overhead.
The day-to-day dips are obvious market maker induced panics, but a little fortitude (and competent due diligence) will pay multiples later.
I guess I should’ve added that the first half of the cup pattern took 2 years to form, beginning in 2015 and basing in 2017.
The second half should likewise take 2 years to form, basing in 2017 and peaking in 2019.
So, a run to $.40 from here may seem beyond the realm of possibilities to most, but a fully formed cup requires it.
Just food for thought.
Like I mentioned earlier, the weekly chart is showing a multi-year cup pattern forming, and the base is already established.
What’s interesting about the pattern is that it’s already seen two 1,200% moves since it based.
In the fall of 2017, the share price hit a low of $.005 before running over $.06 - a gain of almost 1,200%.
In the fall of 2018, the share price hit a low of $.010 (doubling its previous low) before running over $.135 - a gain of more than 1,300%.
This year, so far, we’ve seen a low of $.031 (triple it’s previous low), and another 1,200% gain puts the share price at $.40.
If the pattern repeats, we could see another drop to $.02’s, and a 1,200% gain from there would put the share price at $.26, with the next leg taking place in 2020.
With the second half of the cup pattern, it’s not a matter of “if,” but a matter of when. What’s more, the top of the cup just happens to be $.40., so a fully formed cup pattern means a return to $.40.
With fall right around the corner, all of the recent developments, and another huge quarterly report due, do you really want to risk missing the next move?
It’s impossible to give a precise timetable, but there are two factors that I think tell us sooner rather than later.
1) the share price is being held down, although the fundamentals of the company are only looking up. Revenue, acquisitions, partnerships, expanding customer base, Nasdaq application, market education, etc.
Share price is generally based on fundamentals, or at least tends to reflect the fundamentals most of all. When a company does poorly, the share price follows. The same is true when it does well.
The part that many retail investors fail to realize is that the share price doesn’t always respond immediately, the market may be delayed for a variety of reasons.
On top of that, this is an OTC company, so it’s even less likely to reflect the fundamentals with the same consistency that a big-board company would.
2) the weekly chart is showing a multi-year cup forming, and the base is already established. This means that if the pattern continues, we are due for a series of higher highs over the next several months (and years).
The timing probably couldn’t be any better, considering that the cannabis market really heats up during the fall.
With that being said, there will probably be a lot of give and take, meaning we will see higher highs and just as many pull backs. That can be discouraging for longs, especially when you hold through the pull backs, but from here the long play is an obvious winner.
Hope that gives you a better perspective on the trading.
CDEL is also selling at .037, so they’re profiting 20% from the panic sellers.
My hypothesis:
CDEL has a bid in for 300,00+ shares at .0315, which tells me that market makers are trying to get in as cheap as possible by inducing panic selling before the next run to $.10.
The video was good in that it reaffirmed some of the recent developments the company has been talking about.
I noticed some skepticism, or at least some confusion on this board about some of the recent partnership agreements CANB negotiated, but the video pretty well clears up the company’s recent activity.
As a business, the added clarity is great. Clarity has always been my biggest reservation with CANB. I’m glad to see them making huge improvements in that arena.
For investors, however (at least at this point), getting the information out to a broader audience is the most important factor.
It seems like the share price is being held up by a relatively small group of retail investors, and it only takes one big sell order to shake the stock. Putting the information out there for 18,000+ people to see will go along way to increase trading activity, and also boast share price.
If the company (or its newly hired PR firm) is diligent, perhaps they can capitalize off of the momentum and return to the $.10’s. Time will tell.
Best part of the video:
Released to 18,000+ subscribers.
That should facilitate some decent traction.
Can anyone else remember the last time there was 1MM+ on the bid?
It looks like this could be a turning point, assuming we break resistance at $.045 and get a positive 50-day SMA crossover.
That’s pretty convenient. I think it’d be a great idea to record as much of it as possible and post online for all to see.
I’m interested to see what the executives have to say.
As far as their pricing on the website, I’m pretty sure the default product is a huge bulk package, which comes with as many as 5 large containers of each product.
If you do some more navigating, you’ll find the individual products, which are more appropriately priced for the average consumer.
That being said, they do drive decent direct to consumer retail revenue, but they are bringing in most of their revenue (or soon will be) from their medical device line - known as SAM units.
They rent these units out via medical offices for about $60/day (if I remember correctly).
They have a ramping schedule to have several hundred units out by the end of the year.
Thats pretty much the basics, but there are quite a few posts about each revenue stream in the pinned posts.
Yup, there is quite a bit of money coming back in. Currently have $30,000 sitting on the bid.
At the very least, CANB will run back to $.06’s, and I think most people know that.
Notwithstanding all of the negative information on this company, there has been a surprising wave of positive news recently. I have raised a few concerns in the past, but I’ve been equally surprised to see CANB take positive steps to improve investor transparency.
I think the upcoming meeting is somewhat of a wild card. It might be what investors are waiting for to jump in, or it might be seen as a point to sell. The latter seems less likely to me though.
That being said, the very near future (the next 2-3 weeks) seems low risk from here. Anyone buying at $.04 especially after a bounce off of support at $.03’s, will do well over the next couple of weeks.
I don’t necessarily agree with all of the ultra-positive opinions posted on here, usually.
Sometimes, I think this board is way too optimistic, and that it could use a little reality check to balance its optimism.
With that being said, I do agree with this assessment of the overall market - and more importantly the cannabis/CBD sector.
The overall market has taken a beating this past month, and the cannabis/CBD sector has had it a little worse.
I have a CBD watchlist of approximately 18-20 companies and cannabis watchlist of about 20-25 companies, and every week almost every company has been red.
Most days, especially over the last two weeks, I’d be lucky to see one or two companies green.
At most, I think I saw four companies green at once for a few hours, then they each went red.
Unfortunately, I bought back in a few days too early (5/22) and have been enduring the blood bath with everyone else.
On the upside, however, Canbiola has a history of making drastic moves (up and down), so I’ll keep holding until this this bounces again.
At the very least, I expect we see $.065 again, and maybe we even take another shot at $.10.
On another note, I am surprised to see the company hosting an annual shareholder meeting - that shows a step in the right direction, and it also suggests that there may be more to this company than a lot of people (including myself) are giving them credit for.
Maybe the added transparency will help to boost confidence enough to sustain a price move over $.10, but I don’t want to be too optimistic.
Good luck to everyone, especially those taking positions around $.035 - .040. This is a pretty well established bottom and it should bounce well from here.
Wow, did you even read the Form 5?
“where it appears there were exercise of derivative securities...”
Um.... Table I is for non-derivative securities, Table II is for derivative securities. Maybe you should double check which part of the form was filled out.
And for those of you saying “that was last year,” do you think insiders suddenly decided on December 31st that they weren’t going to sell anymore shares?
Do you think Marco and Rolv made a New Year’s resolution to stop selling?
Probably not!
These guys have tens of millions of shares and a demonstrated history of selling millions each year. That’s a fact.
That being said, they make up a tiny fraction of the total annual volume, and they aren’t even making that much money from selling, but the fact remains that they are selling - and will most likely continue to do so.
Here’s plenty of proof of insiders dumping millions.
Rolv dumped over 7 million shares last year.
http://app.quotemedia.com/quotetools/showFiling.go?webmasterId=501&name=CANBIOLA,%20INC.:%205,%20Sub-Doc%201&link=http%3A//quotemedia.10kwizard.com/filing.xml%3Frid%3D23%26ipage%3D12812738%26DSEQ%3D1%26SQDESC%3DSECTION_BODY%26doc%3D1&cp=on&type=TEXT
http://app.quotemedia.com/quotetools/showFiling.go?webmasterId=501&name=CANBIOLA,%20INC.:%205,%20Sub-Doc%201&link=http%3A//quotemedia.10kwizard.com/filing.xml%3Frid%3D23%26ipage%3D12812762%26DSEQ%3D1%26SQDESC%3DSECTION_BODY%26doc%3D1&cp=on&type=TEXT
Marco dumped 5 million.
http://app.quotemedia.com/quotetools/showFiling.go?webmasterId=501&name=CANBIOLA,%20INC.:%205,%20Sub-Doc%201&link=http%3A//quotemedia.10kwizard.com/filing.xml%3Frid%3D23%26ipage%3D12813419%26DSEQ%3D1%26SQDESC%3DSECTION_BODY%26doc%3D1&cp=on&type=TEXT
http://app.quotemedia.com/quotetools/showFiling.go?webmasterId=501&name=CANBIOLA,%20INC.:%205,%20Sub-Doc%201&link=http%3A//quotemedia.10kwizard.com/filing.xml%3Frid%3D23%26ipage%3D12813367%26DSEQ%3D1%26SQDESC%3DSECTION_BODY%26doc%3D1&cp=on&type=TEXT
You think they’ve suddenly decided to stop selling?
On the other hand, it looks like total cumulative volume for 2018 was close to 600 million shares traded.
So, are insiders dumping millions?
Unequivocally, yes.
But, together, Rolv and Marco only made up about 2% of trading volume on the year.
Beyond that, from a monetary perspective, Rolv (who sold 7 million shares at a very rough average of $.03) only realized approximately $200,000.
When you consider the fact that he lives in Fort Lauderdale, FL and lives in a $600,000 house (all available via public record, you can search county property records for yourself), his $200,000 probably isn’t going very far. I wouldn’t say he’s living a Jordan Belfort (Wolf of Wall Street) kind of lifestyle by any means.
So, I guess the point is, yeah insiders are dumping millions every year, but it’s hardly a drop in the bucket when you look at annual volume. More importantly, they aren’t financing lavish lifestyles with “free shares.”
Today’s gain was likely most attributable to technicals.
Although I don’t plan to hold for very long, I bought back in based on the chart.
I bought 300,000 toward the end of the day.
There is some anticipation related to the financials, and the momentum during the last hour may have had something to do with that.
Unfortunately, Marco seems to have misunderstood the deadline extension, and in his Form 12b-25 he said they’d be released within 15 days.
Recently, he’s been waiting until the last day to release.
With that being said, I don’t think we’ll see them until the 31st, which is why today’s move was probably technical rather than fundamental.
Nonetheless, dropping them this week would give CANB the best opportunity to reach new highs.
Otherwise, the technical momentum may fade by the 31st, thereby limiting the impact the financials have on share price.
I tried to warn ya!
The top of this run has been reached, going into overbought conditions, sell off is coming.
Don’t give up your gains riding this thing back down to $.03!
Seriously?!
$.08 “happened” ... and then it gave all of it back.
It doesn’t count if it couldn’t hold it.
Just like the rest of these Grand Bologna’s, SIPC is a turd swirling the drain.
NOT. A. SINGLE. ONE. WILL. SUCCEED.
Warning to all VATE holders:
Do yourself a favor and look at the yearly (or weekly) chart. You’ll notice several “pops” in share price, but each one is lower than the previous one.
The trend is clearly descending toward $.02.
https://www.stockcharts.com/h-sc/ui
VATE is notorious for these “pops” that last 1-2 days, but IT NEVER HOLDS!
Each run is lower than the last, so don’t hold out for $.07’s. This run will only reach $.05’s, maybe $.06.
Optimism is expensive, don’t get caught holding when this heads back to $.02!
Last paragraph, bottom of the page:
“Companies may request a filing extension for their Form 10-Q's and 10-K's by submitting Form 12b-25 via the EDGAR system. By filing this form, a filer may gain up to 5 additional days to file Form 10-Q or 15 days to file Form 10-K. Companies have up to 24 hours after the original filing deadline to file Form 12b-25.”
https://www.securexfilings.com/sec-deadlines/
Here is the extension that Marco filed, saying he will be filing the 10Q in 15 days (part III):
http://app.quotemedia.com/quotetools/showFiling.go?webmasterId=501&name=CANBIOLA,%20INC.:%20NT%2010-Q,%20Sub-Doc%201&link=http%3A//quotemedia.10kwizard.com/filing.xml%3Frid%3D23%26ipage%3D12909456%26DSEQ%3D1%26SQDESC%3DSECTION_BODY%26doc%3D1&cp=on&type=HTML
MARK. MY. WORDS.
This SCHMUCK thinks he has 15 days to file the 10Q. He doesn’t know that there are different extensions for 10Ks and 10Qs.
The last time he filed an extension, he waited EVERY. SINGLE. DAY. he was allowed. The 10K came in 30 minutes and 7 seconds before the deadline.
That means you can expect financials to be released on May 30th, after market close, probably at 5pm EST.
Never mind the fact that Marco will be 10 days overdue, just think about what 2 whole weeks of trading will do to the share price when Canbiola is dead silent on financials - only the most anticipated piece of information this year.
The consequence for missing SEC deadlines includes fines, sanctions, and even delisting. None of that is likely in this case, but you can surely expect this share price to tank in the meantime, because the biggest consequence is loss of investor confidence.
I was expecting to buy back in today, but it looks like I’ll wait 2 more weeks. With nothing but crickets for the next two weeks, we’ll be headed back to $.03.
At the end of the day, these screw ups tell us everything we need to know:
MARCO IS BLOWING IT.
How many excuses will we make for a publicly traded company’s CEO? As investors, are we not supposed to hold him to a higher standard?
First the Carl Dilley/Transhare controversy, then millions of shares being diluted by insiders, and now he’s not even meeting, nor does he understand, SEC deadlines?
These kinds of fundamental mistakes will keep this from being a real company.
Glad to see I’m not the only one who thinks the CEO from CANB is a complete fraud.
Nothing but red flags with that company.
Some CEO Marco is!
Just blew his 10q filing deadline, which officially ended at 5:30pm EST today.
He submitted his Form 12b-25 and thought he’d get another 15 days. Go reread his extension filing, he completely jacked it up.
If he read the form, or knew the rule, he’d know he only gets 5 days from the day he filed the extension for quarterly reports.
Here’s the form so you can read it yourself; page 1, part 2, subsection (b):
https://www.sec.gov/about/forms/form12b-25.pdf
On top of that, Edgar filings must occur by 5:30pm EST, when the SEC officially ends its business day, to receive same-day filing status.
https://www.securexfilings.com/edgar-hours-operation/
Just searched EDGAR, I don’t see any filings from Canbiola....
https://www.sec.gov/cgi-bin/browse-edgar?company=Canbiola&owner=exclude&action=getcompany
Looks like you’ll be waiting the full 15 days (which will be 10 days overdue and almost 2 full weeks of trading) to see the financials, just like the annual report.
Until then, watch the price drop, just like last time.
What a bozo.
Since Marco is going to kill the price momentum over the next two weeks because he doesn’t know the rules, best bet is to sell now and buy back in two weeks.
Quite the opposite, wait long enough and you can inevitably get in at a lower price.
SWIRL THE DRAIN LITTLE TURD!
It’s even easier to wait a few days for $.02’s.
They’ll be for sale before too long!
Yes, VATE does have green days occasionally, and they are followed by many more red days.
Been here before, it’ll give it all back tomorrow.
See for yourself.
I’ve been watching.
Every time VATE advances, it falls right back on its face.
Chasing?
You mean chasing VATE down the drain?
Why would I do that?
More of the same...
What’s the definition of insanity?
Repeating the same thing over, and over, and over again and expecting a different outcome?
You may want to give it few minutes in the morning, this thing will be a falling knife.
You don’t want the blood on your hands.
Wash, rinse, repeat....
Same old stuff, same old outcome.
VATE will wash today’s gains down the drain by the end of the week.
That’s great, because VATE has ALOT of down times!
More to come!
The next challenge is for VATE to hold $.03 for two consecutive days in a row.
Fat chance!
Don’t hold your breath!
Can you elaborate, please?
Are you saying that you think VATE is going have a huge sell off tomorrow morning?
Odds are that it’ll give it all back by next week.
Maybe buyers should wait until then.